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Dreier: Fiscal Cliff deal will affect counties, staff too

by
Patty Dreier
Patty Dreier

STEVENS POINT, WI (WSAU)  -  The recently passed Fiscal Cliff compromise has some cheering and others sneering because of what the package does or fails to do. We’ve heard already that taxes are going up for most Americans in many income brackets and nothing was really done about federal spending.

Portage County Executive Patty Dreier says that Fiscal Cliff compromise is going to be felt by nearly everyone, and as an employer, they’re trying to make their staff aware of what’s coming. “We’re putting out an email to everybody because we want families to be able to plan financially in their lives, and the news kind of burys that fact.”

The email to Portage County employees read as follows:  

All Employees:

This e-mail is a follow up to the email sent on November 28, 2012 (below)which addressed the "Payroll Tax Holiday."Yesterday the US Legislature reached an agreement on the "fiscal cliff"which did provide some continued tax relief, however, the passage of thelegislation did not included within it a continuation of the "Payroll TaxHoliday."  What this means is that American workers will see an increase intheir Social Security tax from 4.2 percent in 2012 to 6.2 percent in 2013.This will result in an overall decrease in their take home pay.Portage County wanted to ensure our employees were aware of this likelychange so that employees can prepare financially as we enter 2013.

Dreier says, "What this means is that American workers will see an increase in their Social Security tax from 4.2 percent in 2012 to 6.2 percent in 2013.  This will result in an overall decrease in their take home pay.  Portage County wanted to ensure our employees were aware of this likely change so that employees can prepare financially as we enter 2013."

The Executive says the county governments will feel the pinch, too, since they are all dependent on funds and programs from higher up at the state and federal levels...and when those funds go away, they will have to take action.

 

 

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